August, 2020

• 31 August

  Tycoon Adani to buy Mumbai airport in bold aviation bet

  

  Bloomberg Adani Enterprises Ltd is seeking a controlling stake in Mumbai’s international airport as billionaire Gautam Adani continues his aggressive push into what was until recently the world’s fastest-growing aviation market. Adani Airport Holdings Ltd will acquire the debt of GVK Airport Developers Ltd, the holding company of GVK Power & Infrastructure Ltd, according to an exchange filing on Monday. ...

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• 31 August

  Qantas Air joins record airline rush to issue debt

  

  Bloomberg Qantas Airways Ltd is marketing an Australian dollar bond, joining a record global wave of airline debt issuance to build up cash buffers as the Covid-19 pandemic pummels air travel. The Australian airline is looking to price a 10-year note at an indicative coupon of around 5.25%, according to a person familiar with the matter who asked not to ...

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• 31 August

  Saks faces eviction in Miami over $1.9mn in unpaid rent

  

  Bloomberg An upscale Miami-area shopping mall is moving to evict Saks Fifth Avenue, saying the retailer hasn’t paid rent since March 16 and owes about $1.9 million. Saks told its landlord, Bal Harbour Shops LLC, in August that it couldn’t make lease payments on its three-level retail store due to the effects of the Covid-19 pandemic, according to a lawsuit ...

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• 31 August

  Ghana is reopening its main airport

  

  Bloomberg Ghana is reopening its main airport to international flight passengers from September 1 after putting in place new measures to help curb the spread of the coronavirus. Any passenger arriving in Ghana will have to present a negative Covid-19 result, taken no more than 72 hours before departure from the country of origin, President Nana Akufo-Addo said in a ...

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• 31 August

  United drops fees, American whacks schedule in Covid era

  

  Bloomberg The airline industry, yearning to bounce back from the prolonged global outbreak of Covid-19, is pulling out more tricks designed to get fliers back on board. United Airlines spiked its loathed $200 change fee for domestic flights and said that, beginning next year, customers can fly standby for free if there’s an available seat on the same day as ...

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• 31 August

  India, Chinese troops clash on disputed Himalayan border

  

  Bloomberg India said its troops clashed with Chinese solders along their contested Himalayan border, the latest skirmish in a conflict that has simmered since May. The Chinese troops carried out “provocative military movements”, India’s Defense Ministry said in a statement on Monday. It accused the People’s Liberation Army of violating diplomatic and military agreements on the undemarcated area. Beijing was ...

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• 31 August

  China vows to make Czech lawmaker ‘pay’ for Taiwan trip

  

  Bloomberg China’s foreign minister warned that a top Czech lawmaker would “pay a heavy price” for visiting Taiwan, exposing continued tensions with Europe even as Beijing sought to push back against US overtures on the continent. Foreign Minister Wang Yi told reporters in Germany that Czech Senate President Milos Vystrcil’s trip was a “betrayal” that made him “an enemy of ...

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• 31 August

  Trump fanning ‘unacceptable’ Portland violence: Biden

  

  Bloomberg Democratic presidential nominee Joe Biden said violence in Portland, Oregon, that left a supporter of Donald Trump dead is “unacceptable” and urged the president to stop “fanning the flames of hate and division in our society.” “I condemn violence of every kind by anyone, whether on the left or the right. And I challenge Donald Trump to do the ...

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• 31 August

  Ramaphosa gains hold over S Africa’s ANC 

  

  Bloomberg South African President Cyril Ramaphosa gained the upper hand in a power struggle in the nation’s deeply divided ruling party after surviving a bid to force him out of office, clearing the way for him to overhaul his cabinet. The ouster attempt was made during a three-day meeting of the African National Congress’s (ANC) top leadership, according to two ...

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• 31 August

  Montenegro opposition claims win in elections

  

  Bloomberg Montenegro’s ruling party won the most votes in the elections but results suggested it may have to cede power to opposition parties vowing to unite against Europe’s most enduring leader, President Milo Djukanovic. The tight contest made it unclear who will lead the next government in a country that’s embroiled in the battle for influence in the Balkans between ...

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